![Crypto looking good after a week long rally. Hopefully some of you bought the dip. [1080x2340 - 217KB]](https://pic8.co/sh/PsXn5W.png){kind=link}
No offense man, but I keep hearing this bs and it's simply not true. First of all trading is not the same as investing. And long term investments are vastly different than short term investments.
Why do you go to work? What do you labor for?
Answer: Money and money. Plain and simple. You can put all the word spins on it you want. Doesn't matter. You work for money because you get paid in money.
Crypto is a way to gain money (if used correctly) without having to labor or work. I then use my money to purchase things I need or things I want to actually "invest" in.
When the system changes so will my strategies. And I will continue to accrue value in whatever form it may be.
I understand your argument: it's a job. Yea. It's horse racing, essentially. I used to work for some large Casinos with AUMs in the billions. Some of them were quant shops and their strategies worked great until they didn't. The advantage you have, is like you said, you can quickly change your strategy. The quant shops, not so fast. I've watched people get burned badly. In fact, I was thinking of GME and Robinhood and how the big boys started betting on that and cleaned out a ton of Muppets.
My original statement stands: crypto isn't an investment: it's a bet. Pretty much like all derivatives.
Tokens representing a product or service, of which there are a few in that image, may have value. However, bigcoins all seem to represent electricity that is gone and never coming back.
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